Technical analysis by Reliable_Trading about Symbol PAXG: Buy recommendation (7/14/2025)

As Trump once again imposed tariffs on foreign countries, trade uncertainty intensified, prompting safe-haven buying in the gold market. Another more unexpected and significant event than the impact of tariffs is the market rumor that the chairman of the Federal Reserve will resign. Once Powell is forced to leave, the independence of the Federal Reserve will be eroded, which is likely to trigger a risk of a large sell-off of the US dollar and US bonds. (You can find out the details by yourself) And these risk events are important factors supporting the rise in gold prices. As for the future trend of gold prices, I am personally firmly bullish, but I will not chase the rise, because the area around 3370 is already a pressure level and it is very likely to pull back here. The support below is in the 3340-3345 area. It is better to be more cautious and keep the idea of buying on dips. ✅The specific operation is as follows: 3340-3345 Buy TP1: 3365-3370 TP2: 3400 You can adjust your trading strategy according to market dynamics 📣More detailed real-time trading strategies will be released on my channel. 🟢Go get it now! 👇👇👇As expected, gold encountered resistance near 3370 and pulled back. The current price is near 3352. Our idea of not chasing the rise is very correct. Next, we are ready to buy on dips. Pay attention to whether there is strong support in the 3345-3340 area. If it does not fall below, we will look for opportunities to intervene.The strategy of buying in the 3340-3345 area is very correct. The gold price trend is running completely according to the predetermined line and has reached the target position of 3365. Currently, it is facing a suppression level. Don't chase too much for the time being. I will give the latest trading strategy for your reference later!